Commerzbank (CRZBY) Projected to Post Quarterly Earnings on Wednesday

Commerzbank (OTCMKTS:CRZBYGet Free Report) is expected to be releasing its results before the market opens on Wednesday, March 25th. Analysts expect Commerzbank to post earnings of $0.58 per share and revenue of $3.6084 billion for the quarter.

Commerzbank Price Performance

OTCMKTS:CRZBY opened at $37.38 on Wednesday. Commerzbank has a 1 year low of $21.80 and a 1 year high of $44.85. The stock’s fifty day moving average price is $39.93 and its two-hundred day moving average price is $39.00. The company has a market cap of $42.15 billion, a P/E ratio of 16.47 and a beta of 0.37.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRZBY. Zacks Research raised Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Finally, DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on Commerzbank

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its stake in Commerzbank AG (OTCMKTS:CRZBYFree Report) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.

Key Stories Impacting Commerzbank

Here are the key news stories impacting Commerzbank this week:

About Commerzbank

(Get Free Report)

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.

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Earnings History for Commerzbank (OTCMKTS:CRZBY)

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